Longterm BTC buy points, if you believe BTC continues to grow
Analysing the BTC all-time history on a logarithmic chart with a 200-week Simple Moving Average (SMA), each candlestick representing a week, reveals a substantial uptrend. This logarithmic scale aids in assessing long-term trends. The extended price trend and the smoothing effect of the moving average mitigate short-term fluctuations. It's evident that acquiring this asset is most advantageous during phases of selling and bearish sentiment, as highlighted by the circled areas. For investors with a 20-year horizon, the timing may be less critical. However, those seeking significant returns should target these bearish cycles, which interestingly coincide with periods of widespread selling.
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